When you are your own boss it might seem like you are always working even if you may have more flexibility to take time off…so it is not surprising that the line between personal or business expenses may fall into the grey zone. The general rule of thumb is the golden question: did you use what you purchase to earn income? If you can answer yes reasonably, then it is likely a business expense.
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Mélanie Brochu-MacaulayPublic Accountant. Archives
March 2022
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